Schrödinger, the physics-based computational platform company, sees a significant decrease in stock prices due to declining revenue and revised outlook for 2023.
First Citizens BancShares reported a nearly tripled profit in Q2, surpassing expectations due to the acquisition of Silicon Valley Bank. The bank's revenue also soared, and its CEO emphasized the strategic value of the acquisition. Projecti...
Infineon Technologies' shares decline 9.2% despite positive results, with revenue growth driven by automotive sector.
The Caixin services purchasing managers index rose to 54.1 in July, indicating a further rebound in China's services sector. Although uncertainties in the global economic landscape persist, these indicators suggest that China's services sec...
ABVC Biopharma's shares drop 15% after entering into an exclusive licensing agreement for major depressive disorder and ADHD drugs in China. The agreement includes potential revenue of $20 million and anticipated royalty payments.
The recent downgrade of the U.S.'s credit rating by Fitch Ratings raises important concerns regarding the management of government debt. However, this downgrade is unlikely to impact investors' interest in U.S. debt.
Auto1 Group revises sales projection, expects sales of 625,000 units, and aims to achieve a narrower adjusted loss. Revenue decreased by 23% in Q2.